marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
technology
12/05/2024
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By Arsenio Toledo
TRADE WAR: China bans export of raw materials to U.S. for high-tech and military applications
The Ministry of Commerce of the People’s Republic of China (PRC) has announced a ban on exports to the United States of several raw materials that could be manufactured for high-tech and military applications. Among the raw materials that were banned were gallium, germanium and antimony. The Commerce Ministry announced the move after Washington, D.C. expanded […]
07/25/2024
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By Cassie B.
Fortune 500 companies to incur more than $5 billion in losses from CrowdStrike outage – and that’s EXCLUDING Microsoft
The damage from the huge IT outage caused by CrowdStrike on machines running Microsoft software last week that brought air traffic to a standstill, left some hospitals unable to provide certain services, and rendered many businesses unable to operate is still being tallied, but the modeling and insurance services firm Parametrix has already come up […]
03/12/2024
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By Belle Carter
Wall Street financial analyst: Washington is pressuring the Fed to project robust economy in time for 2024 elections
President Joe Biden’s administration is firm in declaring that the year 2024 is the time for Americans to start breathing easy again when it comes to inflation that haunted households for a few years. After more than 20 months of skyrocketing prices and higher borrowing costs, investors, economists and Federal Reserve officials claim that they […]
09/27/2023
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By Arsenio Toledo
Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project
Automaking giant Ford has halted construction on a $3.5 billion electric vehicle battery manufacturing factory amid an ongoing probe by House Republicans over the company’s ties with China. Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and […]
05/17/2023
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By Laura Harris
Starbucks teams up with Amazon to launch BIOMETRIC payment system in certain locations
Coffee shop chain Starbucks has teamed up with tech giant Amazon to launch a biometric payment system in select locations. The system will utilize the Amazon One system that allows payments through palm scanning. According to Reclaim the Net, the program will be launched in selected Starbucks stores in the city of Edmonds in Washington […]
03/17/2023
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By Oliver Young
Mark Zuckerberg announces plan to cut 10,000 Meta employees in the next 2 months
Meta CEO Mark Zuckerberg has touted 2023 as the company’s “year of efficiency.” That means more employees are on the chopping block. On Tuesday, March 14, Zuckerberg announced the company’s plan to cut 10,000 employees in the next two months – just short of the 11,000 it laid off in November, which equated to roughly […]
02/23/2023
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By Ramon Tomey
Kyocera president: Business model of producing in China and exporting abroad no longer viable
Hideo Tanimoto, president of Japanese chip manufacturer Kyocera, believes the tandem of Chinese production and global exports is “no longer viable.” Tanimoto made the remark during an interview with the Financial Times (FT). “It works as long as [products are] made in China and sold in China. But the business model of producing in China […]
11/11/2022
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By Kevin Hughes
The Netherlands is withdrawing sanctions against Russia WITHOUT EU permission
The Netherlands has decided to withdraw sanctions against Russia without permission from the European Union (EU). The Dutch ministries of Foreign Affairs, Economic Affairs, Finance, Infrastructure and Education have the option of granting exemptions. According to a report, the Dutch ministries have granted a total of 91 exemptions from sanctions against Russia. However, the ministries did not reveal the […]
05/13/2021
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By Mike Adams
BITCOIN GREENWASHING: No, Bitcoin mining isn’t mostly powered by clean, renewable energy, but the cult-like self-delusion of Bitcoin apologists is itself a fascinating science experiment
Elon Musk just ignited a firestorm of controversy when he announced Tesla would not longer accept Bitcoin due to the environmental concerns related to Bitcoin mining and its gargantuan energy consumption. The pro-Bitcoin community erupted in a fierce backlash, claiming that most of Bitcoin’s energy usage comes from renewables, and that the more energy Bitcoin […]
05/11/2021
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By Franz Walker
Crypto exchange Coinbase experienced a rocky stock market debut
Stocks of Coinbase seesawed on April 15 following its trading debut as markets struggled to place a value on America’s biggest cryptocurrency exchange. Shares initially spiked as much as 6.4 percent, though a choppy session eventually saw shares close at 1.7 percent at $322.75. All in all, nearly 40 million Coinbase shares changed hands during Thursday’s […]
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